Tesla Profits Collapse as Musk Plans $3.5 Trillion Merger with SpaceX
Part of composite article Musk’s SpaceX and Tesla Form Committees to Explore Historic $3.5 Trillion Merger as Tesla Profits Halve View full article →
Tesla's profits have fallen by half, and car sales are declining. At the same time, Elon Musk wants to merge Tesla with SpaceX into a single company valued at $3.5 trillion. Analysts point to increased financing opportunities as the reason for the merger.